India’s pending income tax disputes crossed 539,000 cases in FY25, with disputed tax claims totalling Rs 16.75 lakh crore.

The government is now focusing on stopping unexplained cash found during searches and the fines can be very high if someone cannot explain the money at home.

The Income Tax Department has introduced a separate Schedule VDA in ITR forms, and this is where all crypto-related income must be disclosed, a tax analyst said.

Government initiatives under PMLA and Black Money Act target undisclosed crypto income, enhancing monitoring, enforcement, and compliance in the unregulated VDA ...

Deloitte India announced the launch of a next-generation AI-powered tax research tool called Tax Pragya, which will help tax ...

TDS collections were Rs 221.27 crore in FY23, rose to Rs 362.70 crore in FY24, and have already touched Rs 511.83 crore in ...

2. The learned Single Judge was pleased to dismiss the petition on the ground that even if the notice has been issued by Jurisdictional Assessment Officer and not Faceless Assessment Officer, the ...

India income-tax rules on cash transactions explained by CA Shefali Mundra of ClearTax, detailing penalties, 84% tax, and ...

Deloitte India launched Tax Pragya, an AI-powered tax platform providing faster research, predictive insights, and real-time ...

Man paid income tax on disability pension despite it being exempt from tax; files case for getting tax refund but denied as ...

Dubai: A UAE-based NRI I’ll call Arjun — a stand-in for several similar cases I’ve come across — recently reviewed his India ...

Gifts from relatives are exempt from tax, while gifts over ₹50000 from non-relatives are taxable. Gifts received during ...